Tesla Motors Inc (TSLA) To Repair RAV4 EV Component After Toyota Motor Corp (ADR) (TM)’s Recall

Share on FacebookTweet about this on TwitterShare on Google+Share on RedditShare on LinkedInPrint this pageEmail this to someone

Tesla Motors Inc (NASDAQ:TSLA) indicated that it would repair RAV4 EV component following the decision of Toyota Motor Corp (ADR) (NYSE:TM) to recall approximately 2,500 electric vehicles, according to a report. The Japanese auto-maker built those cars over a period of three years. The issue is probably related with the software.

Components

Tesla Motors Inc (NASDAQ:TSLA) was the supplier of the components. Therefore, it wanted to rectify the issue. It was reported that a software error in the propulsion system of RAV4 EV resulted in the vehicle shifting to neutral. This might have led to a total loss of driving power thus boosting the risk of a crash, Toyota Motor Corp (ADR) (NYSE:TM) said in a posting in its website in the United States.

A spokesperson for Toyota Motor said that its dealers would repair for the component supplied by Tesla. Toyota has recalled about 112,500 vehicles, which included RAV4 EV. However, Toyota has not disclosed anything about the cost involved in the recalls or the supplier relations.

Last year, both Toyota Motor Corp (ADR) (NYSE:TM) and Tesla Motors Inc (NASDAQ:TSLA) ended the RAV4 EV program. Both the companies started pursuing different ways to make zero emission cars.

Separate Path

Toyota has started assembling its Mirai fuel-cell vehicle, which was powered by hydrogen, in December in Japan. On the other hand, Tesla was preparing the summer launch of its Model X SUV along with its sedan Model S cars.

In October last year, Toyota indicated that it started cutting down its stake in Tesla Motor. However, the company refused to disclose the details about the timing of the sale or the size of it. At the end of March 2014, Toyota was holding 2.94 million shares of Tesla Motors.

Following the divorce between the two companies, Toyota Motor Corp (ADR) (NYSE:TM) and Tesla Motors Inc (NASDAQ:TSLA) started taking potshots at each other.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

You may also like...

  • Jim

    The Tesla model S has been plagued with many similar complaints. Since Tesla has been slow and inadequate to address complaints, some customers complaints have been reported to NHTSA and the media. Tesla has a problems much like the GM ignition switch problem. Teslas can suddenly lose power with little or no warning, and sometimes the problems cascade. Sometime shortly after propulsion is lost, there are secondary electrical failures. Which can leave Tesla drivers and occupants dangerously stranded in heavy traffic. Sometimes with no lights and unable to disengage the parking brakes because there isn’t enough electrical power to engage the tow mode. So often delicate overpriced teslas have to be dragged onto tow trucks. This or similar problems about Tesla was reported to NHTSA about a year ago. 03/24/2014. NHTSA ID Number: 10574317. Tesla should make safety a top priority, instead of lollygagging.

    Teslas suddenly losing power and being stranded, is an issue that hasn’t been resolved even though the problem has been known for over a year.

    The same or similar problems with Tesla has been going on for over a year. Reported to NHTSA, complains that on the newer high-powered all-wheel-drive version of the Tesla model S, the P85D that suddenly lost power on 02/22/2015 . Many other Tesla owners have reported similar problems. NHTSA ID Number: 10690639

    Tesla and Tesla fan boys have been covering up safety problems.

    Elon Musk and Tesla fan boys have fraudulently claimed that Tesla batteries are environmentally friendly, non-toxic, nonhazardous & contain no heavy metals.

    Elon Musk & Tesla fan boys fraudulent claims are contradicted by Tesla’s own emergency responders guide for the Tesla model S, which indicates Tesla batteries contain hazardous toxic materials & heavy metals.

    Toyota is being responsible issuing a recall. Tesla and Tesla fan boys tend to cover up, censor, lie, slander, play blame games and drag their feet. Proving that safety is not a high priority for Tesla or Tesla fan boys. Elon Musk and Tesla fan boys ought to be in prison like Kevin Trudeau.

More in TM
Koenigsegg_Regera_side-610x205
Apple Inc. (AAPL) Carplay Gets Support from Koenigsegg

The latest about Apple Inc. (NASDAQ:AAPL) is that the company CarPlay has recieved support from Swedish supercar manufacturer, Koenigsegg. The...

Close